ECONOMYNEXT – Sri Lanka’s month-to-month oil import invoice surged by 112 p.c to US$ 536 million in Might compated to a 12 months in the past because of shopping for gas at a better price following the Center Japanese escalation, the Central Financial institution knowledge confirmed.
The Central Financial institution stated the rise was, “pushed by the rise in oil costs and volumes”.
“Nevertheless, on month-on-month foundation, expenditure on gas imports lowered by 39.5% in Might 2026.”
The nation noticed a gas import invoice of US$ 886 million in April 2026, accounting for 36 p.c of the overall month-to-month expenditure on imports of US$ 2,457 million.
Sri Lanka has spent a complete of US$ 2,703.7 million within the January-Might interval of this 12 months, in comparison with US$1,664.2 million in the identical interval in 2025.
The gas invoice within the first 5 months was 67 p.c of the overall US$ 4,042.5 million spent on oil final 12 months, the information confirmed. (Colombo/July 01/2026)
